Dollar Tree, Inc. (NASDAQ:DLTR) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have received a consensus rating of “Moderate Buy” from the twenty ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $142.45.

DLTR has been the topic of a number of recent analyst reports. Telsey Advisory Group decreased their target price on Dollar Tree from $160.00 to $155.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. Morgan Stanley decreased their target price on Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 6th. Jefferies Financial Group reduced their price objective on Dollar Tree from $130.00 to $128.00 in a research note on Thursday, March 14th. JPMorgan Chase & Co. reduced their price objective on Dollar Tree from $152.00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday, June 6th. Finally, Piper Sandler reduced their price objective on Dollar Tree from $168.00 to $143.00 and set an “overweight” rating for the company in a research note on Thursday, June 6th.

Dollar Tree Trading Up 0.0 %

Dollar Tree stock opened at $106.72 on Thursday. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47. Dollar Tree has a 12 month low of $101.85 and a 12 month high of $154.96. The stock’s 50 day simple moving average is $112.99 and its two-hundred day simple moving average is $127.41. The firm has a market cap of $22.94 billion, a PE ratio of -23.25, a P/E/G ratio of 1.15 and a beta of 0.88.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, June 5th. The company reported $1.43 EPS for the quarter, hitting the consensus estimate of $1.43. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.63 billion. During the same quarter in the prior year, the firm posted $1.47 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Analysts anticipate that Dollar Tree will post 6.63 earnings per share for the current year.

Insider Activity at Dollar Tree

In other news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total value of $87,314.66. Following the completion of the transaction, the insider now owns 9,725 shares in the company, valued at approximately $1,026,765.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dollar Tree

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cascade Investment Advisors Inc. boosted its stake in shares of Dollar Tree by 14.1% in the second quarter. Cascade Investment Advisors Inc. now owns 7,198 shares of the company’s stock valued at $769,000 after buying an additional 888 shares in the last quarter. Versant Capital Management Inc boosted its position in Dollar Tree by 58.3% during the second quarter. Versant Capital Management Inc now owns 815 shares of the company’s stock worth $87,000 after purchasing an additional 300 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Dollar Tree during the second quarter worth $37,000. DNB Asset Management AS boosted its position in Dollar Tree by 4.3% during the second quarter. DNB Asset Management AS now owns 34,489 shares of the company’s stock worth $3,682,000 after purchasing an additional 1,434 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Dollar Tree by 18.4% during the second quarter. GAMMA Investing LLC now owns 2,978 shares of the company’s stock worth $318,000 after purchasing an additional 463 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

About Dollar Tree

Dollar Tree, Inc operates retail discount stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.